1. General Disclaimer
All information provided on OpenBiz.co.nz (the “Platform”) is for general reference purposes only. While we endeavour to ensure the information on the Platform is accurate and up to date, we make no express or implied warranties regarding the completeness, accuracy, reliability, suitability, or availability of the information.
Any reliance you place on information on this Platform is strictly at your own risk. Under no circumstances shall we be liable for any loss or damage arising from the use of this Platform.
2. Not Professional Advice
Content on this Platform does not constitute the following professional advice:
- Financial advice: Valuation reports, financial data, and analyses provided on the Platform are for reference only and should not be regarded as professional financial advice. Please consult a licensed accountant or financial adviser before conducting a business transaction.
- Legal advice: Information on the Platform does not constitute legal advice. For matters involving contracts, due diligence, or legal compliance, please consult a licensed lawyer.
- Tax advice: The Platform does not provide tax advice. For GST, income tax, or other tax-related matters, please consult a registered tax agent or the Inland Revenue Department (IRD).
- Investment advice: Information on the Platform does not constitute investment advice. Investment decisions should be based on your own research and the advice of professional advisers.
3. AI Valuation Disclaimer
The AI-powered business valuation tool on this Platform is subject to the following limitations:
- Valuation results are based on user-supplied data and industry-standard SDE (Seller's Discretionary Earnings) multipliers.
- Valuation results are not a substitute for a professional independent appraisal.
- Actual market value may differ significantly from valuation results due to factors including but not limited to: market conditions, geographic location, competitive landscape, and asset condition.
- AI models may contain biases or limitations.
- OpenBiz accepts no liability for decisions made based on AI valuations.
4. Listing Information Disclaimer
- Business listing information on the Platform is provided by sellers. OpenBiz does not independently verify its accuracy, completeness, or truthfulness.
- Buyers should conduct their own due diligence before making purchase decisions.
- Financial data in listings (such as revenue, profit, SDE, etc.) is self-reported by sellers and may not have been audited.
- All images and descriptions may not fully reflect the current state of a business.
5. Third-Party Services Disclaimer
Professional service providers featured on this Platform (including but not limited to accountants, lawyers, business brokers, and valuers) are independent third parties. OpenBiz:
- Makes no guarantee regarding the quality, competence, or outcomes of any third-party service provider's services.
- Accepts no liability for the actions, advice, or omissions of third-party service providers.
- Serves only as a connection platform and is not party to contracts between users and third-party service providers.
- Recommends users verify the qualifications, licences, and insurance of any professional before engaging their services.
6. Transaction Disclaimer
OpenBiz is a marketplace platform and is not a party to business transactions. Therefore:
- OpenBiz is not responsible for the outcome of any business transactions facilitated through the Platform.
- Buyers and sellers should conduct their own due diligence and seek independent professional advice.
- OpenBiz makes no guarantee that any listed business will be successfully sold.
- All transaction prices are the result of negotiation. OpenBiz makes no guarantee regarding final sale prices.
7. Availability Disclaimer
We make every effort to ensure the Platform's continued availability, but do not guarantee that:
- The Platform will always be available, uninterrupted, or error-free.
- Defects on the Platform will be corrected promptly.
- The Platform or its servers are free from viruses or other harmful components.
8. External Links Disclaimer
This Platform may contain links to third-party websites and resources. These links are provided solely for user convenience. OpenBiz is not responsible for the content, privacy practices, or availability of any external websites.
9. Governing Law
This Disclaimer is governed by the laws of New Zealand. Notwithstanding the above disclaimers, nothing in this statement excludes or limits rights or liabilities that cannot be excluded or limited under New Zealand law, including but not limited to rights under the Consumer Guarantees Act 1993.
10. Contact Us
For questions about this Disclaimer, please contact us:
- Email: info@openbiz.co.nz
- Location: Auckland, New Zealand
